The club came to the decision because of its perilous financial position and they will leave Gigg Lane when their short term deals expire.
The club have also decided to transfer list tough-tackling midfielder Darren Bullock (pictured) and former Huddersfield player Sam Collins.
Both players were also released because of the cutbacks on the playing side which were made because of the delay regarding the takeover of the club.
Meanwhile, Matt Murphy - a recent signing from Oxford - has joined Rushden & Diamonds on trial.
